This week, the U.S. will print three important economic indicators: CPI, where we’ll see if inflation is indeed on its way to 2%; PPI, where we’ll see the impact of producers on the final price of goods, and retail sales, where we will have another data point to discern if the economy is slowing down and the Fed needs to act in September. Other central banks in the world, particularly those that are used to deal with high inflation, are already cutting rates. Peru, Brazil, Mexico, Colombia, among emerging economies and UK, Eurozone, Canada among others in the developed economies. Those central banks have already noted that inflation, which owes a big part of its increase to global factors, is trending down, and have decided to send a message to citizens, investors and corporations, that for the moment, our priority should not be worrying about the cost of living, but about a potential economic slowdown. With the exception of Japan, which is dealing with its own domestic issues, the Fed will be the last major central bank to cut rates this cycle.
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